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ILS could benefit from focusing on the social aspect of ESG.
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Diversification in perils and regions can help the market grow.
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Its Class 13 and 14 notes priced roughly at the midpoint of expectations.
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The practice aligns existing capabilities from Marsh Specialty and others.
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The consortium will offer up to $50mn of per-program capacity.
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The deal will expand the region and perils covered by Merna Re bonds.
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The ILS market’s exposure could grow to $1.5bn by the time a major cyber cat event occurs.
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The fund has nine open contracts it is actively trying to run-off, four years after its failure.
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The fund has a strong focus on cedant quality and transaction structures.
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Pricing increased by 28% on the Class A notes and 22% on the Class B notes.
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The carrier currently has $1.15bn of Merna Re cat bond limit on risk.
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Increased ILW purchasing reflects cash-rich funds looking to protect return levels.